5 things to know before the stock market opens on Monday

Here are the most important news investors need to start their trading day:

1. Interest rate relief

Investors cheered the Federal Reserve’s big policy move last week. The question now is what the central bank will do next. this S&P 500 Index, Dow Jones Industrial Average and Nasdaq Index All rose more than 1% this week, with the Dow closing at a record high on Friday. Previously, the Federal Reserve decided to cut interest rates by 0.5 percentage points on Wednesday. All eyes now turn to the next policy meeting in November, where the Fed is expected to cut interest rates again – although upcoming economic data will determine whether the central bank chooses to cut rates by 25 basis points or 50 basis points. Comments from several Fed officials this week will provide clues as to where policymakers are headed. Follow real-time market updates.

2. Turn off the watch

House Speaker Mike Johnson (R-LA) speaks at the Fiserv Forum during the second day of the Republican National Convention (RNC) on July 16, 2024 in Milwaukee, Wisconsin, United States.

Fresh Mike | Reuters

The U.S. government is preparing for a shutdown. Congress has just a week to pass a spending bill or allow funding for major government departments to lapse about a month before the 2024 election. On Sunday, Republican House Speaker Mike Johnson A new proposal has been put forward to keep the government running until December 20. The spending bill does just that. The bill could come before the Republican-controlled House of Representatives as soon as Wednesday.

Democratic presidential candidate Kamala Harris, U.S. Vice President, speaks at the Congressional Hispanic Caucus Institute’s 47th Annual Leadership Conference in Washington, U.S., September 18, 2024.

Tom Brenner | Reuters

Democratic presidential nominee Kamala Harris enters the final stretch of the 2024 presidential race with a significant cash advantage over Republican nominee Donald Trump. The vice president’s campaign had $404 million available at the end of August, while the former president’s campaign had $295 million, according to the new filing. Harris raised $189 million in August, more than four times the $44 million Trump raised (although those figures do not include other parts of his political operation). The numbers come as recent polls show a tight race for the White House. A new NBC News poll found Harris leading Trump by 5 percentage points among registered voters nationwide, an improvement from recent months but still within the survey’s margin of error. Harris said she accepted CNN’s invitation During the second presidential debate with Trump on October 23, the Republican said he believed the date was “too late.”

4. Wait for results

striking boeing company Mechanics are gearing up for the long haul. The shutdown of Pacific Northwest factory workers is entering its second week, and the longer it goes on, the more costly it will be for the struggling company. As the cost of living rises in the Seattle area, employees are pushing for bigger pay raises. “We can’t afford a house,” Boeing machinist Jake Meyer told CNBC. Meyer and other Boeing employees said they are considering taking odd jobs to make ends meet if the strike continues. Learn more about the shutdown and what it means for Boeing and its employees here.

5. Cardholder

On November 21, 2023, on the eve of the Thanksgiving holiday in New York City, the United States, an American Airlines plane parked at the gate of LaGuardia Airport.

Shannon Stapleton | Reuters

A shakeup may be coming The lucrative airline credit card space. American Airlines Negotiating Citigroup its exclusive credit card partner, leaving aside existing barclays bank“A person familiar with the negotiations said. Negotiations are ongoing and any potential agreement is subject to regulatory approval. While co-branded cards are lucrative for banks, more institutions are increasingly skeptical of these deals as partners fight for a larger share of revenue and the regulatory environment becomes more restrictive. These programs help airlines stay profitable.

– CNBC’s Alex Harring, Rebecca Picciotto, Jordan Novet, Leslie Josephs and Hugh Son contributed to this report.